President Donald Trump on Wednesday reversed decades of U.S. policy and recognized Jerusalem as the capital of Israel, imperiling Middle East peace efforts and upsetting the Arab world and Western allies alike. Source: Reuters
The Saudi-led Arab military coalition destroyed on Wednesday two boats of the Iran-aligned Houthi rebels threatening a commercial oil tanker in the Red Sea, the United Arab Emirates’ (UAE) state news agency WAM reports. Source: Oil Price
Gazprom has dodged a fine in the settlement of the seven-year-long antitrust dispute with the European Union (EU), after the Russian gas giant agreed to change market behavior and ensure competitive gas prices in Central and Eastern Europe. Source: Oil Price
Taiwan’s air force scrambled aircraft on Friday as Chinese bombers flew around the self-ruled island, just a few hours after Taiwan vowed not to be cowed having lost another diplomatic ally amid growing Chinese pressure. Source: Reuters
